https://www.taxtmi.com/caselaws?id=214671 The addition of Rs.25,00,000 as an unexplained cash credit under section 68 of the Income Tax Act was the main issue in this case. The CIT(A) accepted the assessee's evidence regarding a loan given to Shri S.S.Malik, leading to the deletion of the addition. The Tribunal upheld this decision, emphasizing the evidence provided by the assessee to establish the genuineness of the transaction with Shri Malik. The Revenue's appeal was dismissed, and the decision favored the assessee on 28th June, 2012. en-us Thu, 28 Jun 2012 00:00:00 +0530 Tue, 10 Jul 2012 14:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214671 The addition of Rs.25,00,000 as an unexplained cash credit under section 68 of the Income Tax Act was the main issue in this case. The CIT(A) accepted the assessee's evidence regarding a loan given to Shri S.S.Malik, leading to the deletion of the addition. The Tribunal upheld this decision, emphasizing the evidence provided by the assessee to establish the genuineness of the transaction with Shri Malik. The Revenue's appeal was dismissed, and the decision favored the assessee on 28th June, 2012. Case-Laws Income Tax Thu, 28 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214671